Workflow
GE HealthCare's (GEHC) New Tie-Up to Boost CVD Workflow
GEHCGE HealthCare Technologies (GEHC) ZACKS· ZACKS·2024-06-25 17:50

Core Insights - GE HealthCare Technologies Inc. has installed its latest Allia Image Guided System (IGS) Pulse at Heart Hospital of New Mexico, marking the first installation in the U.S. This system aims to enhance image quality and workflow for diagnosing and treating cardiovascular diseases (CVDs) [1][12]. Company Developments - The installation of the Allia IGS Pulse system is expected to strengthen GE HealthCare's position in the CVD treatment market, which is significant given that heart disease has been the leading cause of death in the U.S. for decades, affecting nearly 48.6% of individuals over 20 years old [2][12]. - HHNM, as New Mexico's only hospital dedicated to heart care, anticipates providing innovative treatment options and keeping patients close to home [3]. - GE HealthCare has also entered an agreement with Salud Digna to deploy digital solutions aimed at improving care efficiency across various imaging systems in Mexico [5]. Market Insights - The global electrophysiology market, relevant to GE HealthCare's offerings, was valued at 8.2billionin2023andisprojectedtoreach8.2 billion in 2023 and is projected to reach 15.1 billion by 2028, growing at a CAGR of 13% due to the rising prevalence of CVDs and technological advancements [4]. - The collaboration with HHNM is expected to address healthcare challenges and enhance patient and provider experiences [12]. Performance Metrics - GE HealthCare's shares have increased by 1.6% over the past year, contrasting with a 26.4% decline in the industry, while the S&P 500 has grown by 26.1% during the same period [16].